EXECUTIVE THREAT INTELLIGENCE ASSESSMENT Zenith Bank PLC
24 Jul 2026
The National Communications Authority recorded 12,400 confirmed SIM-swap fraud cases in 2025 (up from 5,600 in 2024); MTN alone blocked 8,700 suspicious swap requests in Q1 2026. SIM-linked accounts remain the principal vector for OTP interception and mobile-banking account takeover.
Zenith Bank (Ghana) Limited enters the second half of 2026 from a position of clear financial strength [Verified Evidence: Zenith Bank Ghana FY2025 results, reported April 2026] — profit after tax nearly doubled to GHS 997.7 million (+121% year-on-year), the Capital Adequacy Ratio stood at 24.1%, and the Non-Performing Loan ratio improved sharply to 1.0% from 8.5% in 2024. As a leading subsidiary of Nigeria's largest bank by Tier-1 capital, with total assets of GHS 26.7 billion and GHS 20.8 billion in customer deposits, Zenith Bank Ghana's scale and high-volume digital/card footprint make it a high-visibility target within a banking sector facing sharply rising external threat pressure: a new Bank of Ghana cyber directive (CISD 2026) imposing board-level accountability and data-localisation obligations, an accelerating wave of mobile money and SIM-swap-enabled fraud, and continued cedi volatility linked to global commodity and geopolitical shocks. TRT Intelligence assesses that Zenith Bank's digital banking and mobile money-linked channels represent the highest-priority monitoring focus for the coming two quarters, given the sector-wide surge in mobile money fraud values and the operational demands of CISD 2026 implementation.